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SOMA NETWORKS RAISES US$50 MLN IN FINANCING.
(From Asia Pulse)
(Full text of statement. Contact details below.)
SINGAPORE and SAN FRANCISCO, June 12 /PRNewswire--AsiaNet/ --
SOMA Networks, Inc., a leading provider of last-mile broadband wireless access technology delivering multi-megabit broadband access and landline-quality voice services, today announced that it has secured $50 million in late-stage funding. Led by financial investors, Temasek Holdings Pte. Ltd. (Temasek), and Morgan Stanley Venture Partners, including participation from NeoCarta Ventures, Inc., and Endeavour Investments Limited, this round of $35 million complements $15 million of strategic financing SOMA Networks closed in late 2004. The financing has been earmarked for global expansion as the company continues to deliver on numerous commercial contracts, network expansions, and the resulting growth in …
